The technology of blockchain, smart contracts, and AI is set to revolutionise many industries. It allows for automated, trust-minimised interactions that limit the need for gatekeepers and middlemen. The widespread adoption of the technology could have profound impacts on the law, lawyers, and the justice system since lawyers and governments are key gatekeepers and middlemen in the justice delivery process. This course examines the legal issues underlying the "Lex Automagica" tech stack of blockchain, smart contracts, and AI. It provides an overview of each layer of the technology, how they can interact, and an examination of the many legal and policy issues arising from the implementation of the technology. It will examine the many other uses to which blockchain is or may be applied, including the development of so-called smart contracts. It concludes with an holistic view of the ways blockchains may impact the shape of our legal systems and our societies as more and more social and commercial interactions are forced “on-chain”.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- Research, synthesise and analyse the legal principles and issues arising from the use of blockchains, digital assets and smart contract technology.
- Synthesise and critically evaluate current and potential laws regulating blockchains, smart contracts and digital assets.
- Critically reflect on the way in which these technologies may impact the law, access to justice, and society generally.
- Assess current policy, legal and regulatory frameworks in order to develop proposals which recommend changes required to improve the use and adoption of blockchain, digital assets and smart contracts in legal and regulatory processes.
Indicative Assessment
- Blockchain - Selected Legal Issues - Group Presentation (15) [LO 1,2]
- Digital Assets - Selected Legal Issues - Group Presentation (15) [LO 1,2]
- Smart Contracts - Build, Deploy & Critique a Smart Contract - Group Project (20) [LO 1,2,3]
- Major Research Paper - Blockchain Law, Governance & Justice (50) [LO 1,2,3,4]
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Workload
- Classes offered in non-standard sessions will be taught on an intensive base with compulsory contact hours (approximately 26 hours of face to face teaching). The course will also require advanced preparation through assigned readings. In total, it is anticipated that the hours required for completion of this course (class preparation, teaching and completion of assessment) will not exceed 120 hours.
- Classes offered during semester periods are expected to have three contact hours per week.
Click here for the LLM Masters Program course list
Inherent Requirements
Not applicable
Requisite and Incompatibility
Prescribed Texts
Students must rely on the approved Class Summary which will be posted to the Programs and Courses site approximately two weeks prior to the commencement of the course. Alternatively, this information will be published in the Program course list when known.
Preliminary Reading
DE FILIPPI, P. & WRIGHT, A (2019). BLOCKCHAIN AND THE LAW. [S.l.]: HARVARD UNIV PRESS.
WERBACH, K. (2018). The blockchain and the new architecture of trust. Cambridge, Massachusetts: The MIT Press.
WALCH, A (2018) "In Code(rs) We Trust: Software Developers as Fiduciaries in Public Blockchains" (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3203198)
Assumed Knowledge
General understanding or interest in blockchain/crypto-currencies
Fees
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- 34
- Unit value:
- 6 units
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee |
|---|---|
| 2023 | $4860 |
- International fee paying students
| Year | Fee |
|---|---|
| 2023 | $6180 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
First Semester
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 4103 | 20 Feb 2023 | 27 Feb 2023 | 31 Mar 2023 | 26 May 2023 | Online | View |
